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VentureOn Partners is an early-stage venture capital firm based in Brisbane, Australia, founded in 2023 by a team of experienced founders and operators. The firm specializes in investing in technology companies, particularly in the B2B SaaS sector, with a strong emphasis on property technology (proptech) and construction technology (contech). The founding team has a proven track record, having built and exited tech companies valued at over $3 billion and raised nearly $1 billion from leading venture capital and private equity firms.
Currently, VentureOn Partners manages a fund size of $15 million, focusing on early-stage investments. The firm operates primarily in North America, Australia, and New Zealand, providing operational support and capital to help portfolio companies scale effectively. The team is actively involved in leadership roles within their portfolio companies, ensuring that they drive growth and achieve their objectives.
VentureOn Partners has made significant strides since its inception, including the acquisition of Story Bridge Ventures, a Brisbane-based VC focused on proptech and contech SaaS. This acquisition enhances VentureOn's capabilities in the sector and expands its portfolio. The firm is committed to helping its portfolio companies reach $25 million in annual recurring revenue (ARR) within a few years of investment.
VentureOn Partners targets early-stage technology companies, specifically those in the B2B SaaS space. The firm focuses on companies with annual recurring revenue (ARR) between $1 million and $3 million, aiming to scale them to $25 million ARR within a 3-5 year timeframe. This growth strategy is particularly relevant for firms operating in the proptech and contech sectors, where the demand for innovative software solutions is rapidly increasing.
The firm provides not only capital but also operational support to its portfolio companies. VentureOn Partners adopts a hands-on operator model, with partners stepping into leadership roles to guide companies through their growth phases. This approach allows them to leverage their extensive experience in building and exiting successful tech companies, ensuring that portfolio firms receive the strategic guidance necessary to navigate challenges and seize opportunities.
Geographically, VentureOn Partners operates in North America, Australia, and New Zealand, focusing on companies that have the potential to expand internationally. The firm is particularly interested in mission-critical software solutions that address pressing needs in the property and construction industries.
VentureOn Partners has made several notable investments in the proptech and contech sectors:
These investments reflect VentureOn's commitment to supporting companies that are poised for significant growth in the technology landscape. The firm actively engages with its portfolio companies, providing both capital and operational expertise to help them achieve their goals.
Curtis Thomson - Founding Partner; previously founded Simpro, a construction SaaS company, and appointed CEO of portfolio company OurProperty in 2024. He is an active operator-investor with extensive experience in the tech sector.
Ricky Sevta - Founding Partner; former C-suite executive at Simpro, bringing significant operational expertise to the firm.
Sean Diljore - Founding Partner; also a former C-suite executive at Simpro, contributing to the firm's strategic direction.
Graeme Caplen - Founding Partner; involved in various tech ventures, adding depth to the leadership team.
Isaac Coonan - General Partner; co-founder of the acquired Story Bridge Ventures and founder of Proptech BNE, enhancing the firm's capabilities in proptech.
Matt Green - General Partner; recently joined to lead US growth for portfolio companies, bringing valuable insights into international expansion.
Guari Chawla - General Partner; contributes to the firm's investment strategy and operational support.
To pitch to VentureOn Partners, founders should visit their website at ventureon.com.au. It is recommended to include a comprehensive pitch deck that outlines the business model, market opportunity, financial projections, and growth strategy. The firm prefers to receive pitches through their online portal.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial but not mandatory.
In 2023, VentureOn Partners was founded and successfully launched its first fund with a size of $15 million. The firm made headlines by acquiring Story Bridge Ventures and Proptech BNE, both focused on proptech and contech SaaS.
In 2024, VentureOn Partners invested in OurProperty, appointing Curtis Thomson as CEO to drive the company's growth. The firm is also actively investing in Deep Space, a construction technology company, with plans to scale it towards Series A funding for global expansion.
Additionally, Matt Green was hired to lead US growth for portfolio companies, indicating the firm's commitment to supporting international expansion for its investments.
What are VentureOn Partners' investment criteria?
VentureOn Partners focuses on early-stage B2B SaaS companies, particularly in the proptech and contech sectors. They target firms with annual recurring revenue (ARR) between $1 million and $3 million, aiming to help them scale to $25 million ARR within 3-5 years.
How can I apply or pitch to VentureOn Partners?
Founders can pitch to VentureOn Partners through their website at ventureon.com.au. It is advisable to include a detailed business plan and financial projections in the pitch deck.
What makes VentureOn Partners different from other VCs?
VentureOn Partners distinguishes itself through its hands-on operator model, where partners actively engage in leadership roles within portfolio companies. This operational involvement allows them to provide tailored support and guidance to help companies achieve their growth objectives.
What is the geographic scope of VentureOn Partners?
The firm primarily operates in North America, Australia, and New Zealand, focusing on technology companies that have the potential for international expansion.
What is the typical check size for investments?
VentureOn Partners typically invests between $1 million and $2.5 million per deal, providing the necessary capital to help companies scale effectively.
What kind of post-investment involvement can portfolio companies expect?
VentureOn Partners provides ongoing operational support and strategic guidance to its portfolio companies, often taking on leadership roles to ensure alignment with growth objectives.
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